Market & Ticker: Stellar – XLM/USDC 

Date: 18/11/2024 
 
Horizon / Timing:  Tactical Mid-term / 1 to 3 months 
 

Scenario:  
 
According the recent result in US election (trump), we do expect a larger XLM – Stellar adoption abroad pushing the Stellar token to next upside potential. 
 
As long as 0.1650 on a long run a larger move is expected to 0,2830 before 0,3780 
 
Update : The first resistance at 0,2830 is almost reached, support is adjusted at 0,1650 

Technical Key Elements: 

- Auto similar move potential shows target at 0,3780 
- RSI indicator already confirmed the bullish momentum and keeps potential to the upside 
- The Moving average are support 
- Fibonacci key support is adjusted at 0,1650 while the Elliot wave shows upside potential towards 0,3780 and 0,80 

 
Trade Idea conclusion:  Buy  

Target 2: 0,80 

Target 1: 0,3780 

Tactical support: 0,1659 (Daily close) 

Chart: Daily Basis (Candle Stick) - Logarithmic  

Indicators: Exponential Moving Average (21/34/89) - RSI (21) 

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